Rebound In Oil Prices Changes Drillers’ Mindset
Now that oil is back up to $50 per barrel, will oil companies redeploy rigs to begin drilling again? Oil prices have rallied roughly 85 percent since February on the Continue Reading
Oil Holds Near 10-Month High as U.S. Stockpiles Seen Declining
Commodities Enter a Bull Market, Ending 5-Year Rout U.S. inventories estimated to drop 3 million barrels last week Oil traded near the highest close in more than 10 months before Continue Reading
Stumbling dollar, Nigeria sabotage push up oil
Fuel prices are displayed at a Kazakh state-owned oil and gas company KazMunayGas gas station in Almaty, Kazakhstan, May 4, 2016. Brent crude oil prices rose on Monday, lifted by Continue Reading
Why This Mega NatGas Project Might Not Go To The Oil Majors
The upcoming Cyprus bid round may be one of the best opportunities of the year — to build a new oil and gas empire. When the tiny Mediterranean nation offers Continue Reading
U.S.-backed Syria force closes in on Islamic State-held city; slow Iraq advance causes rift
U.S.-backed Syrian fighters have surrounded the Islamic State-held city of Manbij from three sides as they press a major new offensive against the jihadists near the Turkish border, a spokesman Continue Reading
Islamic State Militants Fire on Civilians Fleeing Fallujah
Abdul Rahman Ismail, an Iraqi soldier who has been targeted by Islamic State militants who… Islamic State gunmen have fired on civilians fleeing Fallujah, Iraqi officials said Monday, as fighting Continue Reading
Israeli Energy Ministry Tries to Downplay Leviathan Gas Field Size
Israel Offshore Rig The Israeli Energy Ministry has said that the supergiant Leviathan offshore gas field may be 20 percent smaller than its developers, US-based Noble Energy and Israeli partner Continue Reading
Saudi Arabia Scales Back Renewable Energy Target to Favor Gas
Kingdom cuts renewables target to 10% of energy mix from 50% Saudi Arabia is scaling back renewable power targets as the world’s biggest oil exporter plans to use more natural Continue Reading
Islamic State Members From the West Seek Help Getting Home
Members of the Syria Democratic Forces recently after taking control of a Syrian village from… Disenchanted Islamic State members recruited from the West have increasingly been contacting their governments and Continue Reading
Saudi Arabia’s Cabinet Approves Economic Reform Package
Saudi Arabia early Tuesday presented a comprehensive package of reforms aimed at boosting non-oil revenues while reducing state handouts that have weighed on the kingdom’s economy. The initiative, called the Continue Reading